XRP’s ‘Legal Clarity’ Has a Catch – Banks Still Fear Torres’ Institutional-Sales Label

XRP has traded near $1.22, down from a July 2025 peak, as U.S. institutions reduce direct holdings despite rising odds of a spot ETF. Grayscale’s GXRP move and updated Bitwise and WisdomTree filings contrast with a 73% futures OI drop and recent outflows from institutional wallets at U.S. banks too.